Failure of Many ‘Zombie’ Companies Likely to Keep Insurance Rates Rising: Swiss Re June 8, 2021 By Alwyn Scott The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy...
FBI Recovers Most of Bitcoin Ransom Paid by Colonial Pipeline June 8, 2021 By Chris Strohm and Alyza Sebenius The U.S. recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial Pipeline Co....
Florida Top Court Says Insurer Can Pursue Malpractice Claim Against Defense Law Firm June 8, 2021 By Jim Sams Attorneys who are hired by insurance carriers to defend policyholders from lawsuits have a duty to represent the insured, but...
FBI Offers Reward for Information on Walmart Fires in Alabama, Mississippi June 8, 2021 Federal investigators are offering $2,500 rewards for tips leading to people who set fires inside Walmart stores in Alabama and...
Italian Insurer Cattolica Delays €200M Cash Call due to Generali’s Recent Takeover Offer June 8, 2021 MILAN – Italian insurer Cattolica said on Monday it had decided to delay a planned 200 million euro ($244 million)...
People Moves: ICW in California Names Rathsam CFO, Liberty Mutual Names Mitchell Pacific Field Executive June 7, 2021 San Diego, Calif.-based ICW Group Insurance Cos. has named Nicole Rathsam senior vice president, chief financial officer. Rathsam will oversee...
Central Oregon Farmers Struggling in Drought June 7, 2021 Cate Havstad-Casad, co-owner of Havstad-Casad Family Farms in Jefferson County, didn’t hold back last week while speaking on a Zoom...
Argo Group to Stop Insuring Canada’s Trans Mountain Pipeline, Joining Other Carriers June 7, 2021 By L.S. Howard Lloyd’s insurer Argo Group has decided to stop insuring Canada’s Trans Mountain tar sands pipeline when its current insurance policy...
Busier-Than-Normal Cyclone Season Predicted for East Asian Nations June 7, 2021 By Kanupriya Kapoor SINGAPORE – Half of the roughly 20 tropical cyclones expected to form in the western Pacific Ocean through September this...
Texas Records $884.75M in Surplus Lines Premiums in May June 7, 2021 The Surplus Lines Stamping Office of Texas (SLTX) recorded a record-breaking $884.75 million in surplus lines insurance premium for May,...